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News release

HOUSTON, TX

Eight Greenspoint Plaza Building in Houston is on the Markets


HOUSTON, May 14, 2013 – Jones Lang LaSalle today announce the offering of Eight Greenspoint Plaza, a 198,257 square foot office building and three level parking garage owned by ExxonMobil in the Greater Greenspoint District of Houston, Texas.

Managing Directors Rudy Hubbard and Paul House, along with Vice President Kevin McConn are leading the Jones Lang LaSalle investment sales team on this transaction.

The Class A, 8-story office building was built in 1994 and has had approximately $10 million in upgrades and improvements since 2000.  ExxonMobil currently occupies 100 percent of the building and is offering a sale and multi-year leaseback opportunity for the potential buyer.

Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2011 alone, Jones Lang LaSalle Capital Markets completed $60 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $52 billion in global investment sales and buy-side transactions, equating to nearly $216 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its total Capital Markets volumes by 122 percent in 2011 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises more than 1,200 specialists, operating all over the globe.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page.  Bookmark it here:  http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.